Title says it all. One large summer camp in Northern California just filed for bankruptcy after refusing to refund parents. We are in LA and had already (before COVID) prepaid $4000 to a similar program to reserve a spot for our son while we work full time. Our program responded to another parent’s inquiry about a refund by saying “we are not in a financial position to provide refunds” etc. They will not be opening or providing any services we paid for and might even also file for bankruptcy.
My question is whether this can be an income tax write-off as a loss or damage?
And, since we’ve already been contributing to an FSA in preparation for this expense, is that money also now gone?
Submitted May 07, 2020 at 07:26PM by Complementcomplement https://ift.tt/35IrMbC
